Australian university degrees risk becoming worthless
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A new Senate inquiry, led by Senator Fatima Payman, is investigating why many Australian university graduates are struggling to find work despite completing degrees.
The inquiry focuses on concerns that students are receiving lower‑quality education, including “recycled lectures,” outdated content, and insufficient preparation for real‑world employment.
Senator Payman argues that many graduates are facing a “dehumanising” job‑search process and poor employment outcomes, despite investing heavily in their education.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.